GD FICQ
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Insolvency
Liquidation
Sequestration
Rehabilitation
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Insolvency is a financial condition that occurs when a person or a company's liabilities (debts) exceed their assets ('balance-sheet' insolvency), or when debt obligations can no longer be met on time as they become due ('cash-flow' insolvency).

Sequestration is a process for declaring a natural individual bankrupt or insolvent - an insolvent person has his property administered by a court-appointed trustee who liquidates the personís estate so that creditors can be paid. Creditors are no longer able to pursue the insolvent directly.

In terms of South African Insolvency Law, a natural person, a married coupleís joint estate, a trust, a partnership or a deceased estate are sequestrated while a company or close corporation is liquidated.

Please contact us for more information, or for an appointment to discuss your situation.
     Sequestration of individuals and Trusts. We act for clients that wish to sequestrate

•     Liquidation of Corporations and Companies. We act for shareholders and directors of companies who wish to liquidate such companies

•     Rescission of Deregistered Companies.  This process allows clients to act against deregistered companies.

•     Rehabilitation of  Sequestrated persons. This is a process whereby an insolvent may be declared to be no longer insolvent.
GD FICQ's INSOLVENCY related services include:
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